Genuinely curious how other value investors structure their research process.
I've seen data saying the average retail investor spends about 3 hours a week on research. But I'm guessing people in this sub are way above that average given the depth of analysis value investing requires.
When you're looking at a new company, what does your actual workflow look like? Do you start with the financials and then read the news, or the other way around? How many hours would you say you put in before you feel confident enough to open a position?
And a follow up question. How do you filter out the noise? There's so much coverage on any given company across Bloomberg, WSJ, Seeking Alpha, earnings transcripts, SEC filings. Do you have a system for narrowing down what's actually worth reading or do you just power through everything?
Would love to hear how different people approach this. Especially anyone who's been doing it for 10+ years and has refined their process over time.